Monday, September 27, 2021

Brent Rises to Highest Since 2018 on Global Energy Crunch

By Alex Longley and Sheela Tobben (Bloomberg) — Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy crunch. The global benchmark crude surged as...

September 27, 2021
Total Views: 1314

Thursday, November 19, 2020
tanker deck

Global Crude Market Finds Support Mainly from China

By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this year, has stepped up purchases from exporters like...

November 19, 2020
Total Views: 701

Thursday, October 15, 2020
tanker loading
Maritime News

U.S. Crude, Fuel Stockpiles Drop Sharply Amid Hurricane -EIA

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while distillate inventories posted their biggest...

October 15, 2020
Total Views: 15

Thursday, July 23, 2020
vlcc tanker
Maritime News

Oil Drops With Demand Worries Reverberating From U.S. to Asia

By Andres Guerra Luz (Bloomberg) –Oil weakened as economies from the U.S. to Asia signaled a deepening demand fallout from the coronavirus pandemic. China’s cooling oil consumption hurt prices for Iraqi...

July 23, 2020
Total Views: 18

Friday, June 26, 2020
Maritime News

Top Oil Pricing Agencies Launch New U.S. Crude Benchmarks

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in April, the two top oil...

June 26, 2020
Total Views: 27

Friday, June 12, 2020
Maritime News

Venezuelan Oil Cargoes Hidden En Route to China, Bypassing Sanctions

By Luc Cohen and Marianna Parraga CARACAS/MEXICO CITY, June 12(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from Venezuela, yet another front in...

June 12, 2020
Total Views: 228

Thursday, June 11, 2020
oil tanker
Maritime News

Oil Plummets With Economic Jitters Surging Through Markets

By Hailey Waller and Alex Longley (Bloomberg) –Crude futures plunged by the most since late April a day after the Federal Reserve provided a gloomy outlook for the U.S. economy....

June 11, 2020
Total Views: 12

offshore rig north sea

Oil Crisis Shows Richest Nordic Country Remains a Crude Addict

By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has revealed how far it has left...

June 11, 2020
Total Views: 38

Tuesday, May 26, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

Oil Rallies With Producers Showing Confidence by Hiking Prices

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market...

May 26, 2020
Total Views: 14

Monday, May 25, 2020
crude oil tankers
Maritime News

The World’s Smartest Oil Traders Have Taken to the Seas

By Julian Lee (Bloomberg Opinion) –The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers full of crude is idling...

May 25, 2020
Total Views: 68

Thursday, May 21, 2020
Maritime News

Oil Rally Continues as Output Cuts Hit Supply Glut

By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled away at a stubborn supply...

May 21, 2020
Total Views: 10

Monday, May 18, 2020
oil tanker loading

Oil Rises to Two-Month High Amid Demand Recovery

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and news of a viable coronavirus vaccine. Futures in...

May 18, 2020
Total Views: 8

Friday, May 15, 2020
oil tanker
Maritime News

Tanker Movements Reveal China’s Splurge on Cheap Crude

By Firat Kayakiran (Bloomberg) –Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of the world’s supertankers. There are...

May 15, 2020
Total Views: 25

Thursday, May 14, 2020
Maritime News

Small Irish Terminal Draws U.S. Oil With Global Storage Filling

By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places to store crude in...

May 14, 2020
Total Views: 37

Wednesday, April 15, 2020
houston ship channel
Maritime News

U.S. Crude Stocks Jump By a Record 19 Million Barrels – EIA

By Stephanie Kelly and Laura Sanicola April 15 (Reuters) – U.S. crude oil stockpiles rose by 19 million barrels last week, the biggest one-week increase in history, the U.S. Energy...

April 15, 2020
Total Views: 55

Thursday, March 19, 2020
tanker aerial
Maritime News

Tankers Drop Anchor as Traders See Profit in Price Rout

By Alex Longley (Bloomberg) — Oil tankers starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge. Between five...

March 19, 2020
Total Views: 71

Tuesday, October 15, 2019
oil tanker loading
Maritime News

Dilemma for Oil Refiners as Surging Ship Costs Kill Margins

By Serene Cheong and Sharon Cho (Bloomberg) –Oil refiners hoping for some fourth-quarter gravy are facing disappointment as surging freight rates inflate the cost of buying crude. U.S. sanctions on...

October 15, 2019
Total Views: 1

Tuesday, October 8, 2019
oil tanker
Maritime News

Oil Nears Two-Month Low on Deepening U.S.-China Trade Crisis

By Sheela Tobben and Jacquelyn Melinek (Bloomberg) –Oil declined near a two-month low on fading prospects for a resolution to the protracted U.S.-China trade dispute. Futures fell as much as...

October 8, 2019
Total Views: 6

Saturday, September 14, 2019

Houthi Drone Attack Hits the Heart of Saudi Arabia’s Oil Industry

By Stephen Kalin, Rania El Gamal and Dmitry Zhdannikov RIYADH/DUBAI/LONDON, Sept 14 (Reuters) – Yemen’s Iran-aligned Houthi group on Saturday attacked two plants at the heart of Saudi Arabia’s oil...

September 14, 2019
Total Views: 18

Friday, April 26, 2019
oil tanker loading
Maritime News

The Giant Soviet Pipeline System That’s Full of Tainted Crude

By Julian Lee (Bloomberg) — Russia’s giant Soviet-era oil pipeline is a vital piece of Europe’s energy infrastructure, carrying crude to refineries across the region. This week it’s been hit by probably...

April 26, 2019
Total Views: 6